Latest International Business News
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Geelong loses icon with Ford shut down
Ford is part of the fabric of Geelong and its loss will be devastating for the people of Victoria's second largest city, community leaders say.Ford began manufacturing in Geelong in 1925 and has been an iconic part of the town ever since.Geelong Chamber of Commerce executive officer Bernadette Uzelac said many in the city would be completely shattered by the news."It is a sad ...
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Ford jobs could not be saved Vic premier
Government intervention would not have saved Ford Australia's manufacturing jobs, Victorian Premier Denis Napthine says. Dr Napthine met with Ford representatives on Wednesday and was told there was nothing either the Victorian or federal governments could do to change their decision, he said. "I made it very clear to them: `Is there anything we can do to change the mind of your ...
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Vic Ford worker grief over shock shut down
Victorian Ford Workers are devastated by news the company will shut down its manufacturing sites with fears job losses will gut local ...
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Carbon tax hit Ford Abbott
Opposition Leader Tony Abbott says the carbon tax is among the causes of Ford's decision to cease manufacturing in Australia.Mr Abbott says a range of factors are behind the blow, but the controversial tax is one of them."Obviously anything that adds to the cost of manufacturing in Australia is something that we don't need at a time like this and the carbon tax is one of those ...
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Azerbaijani karate fighters claim 14 medals including 9 golds at world champion
AzerTAc reports. The Azerbaijani karate fighters also won two world belts out from three possible in a competition marking the 90th anniversary of national leader Heydar Aliyev. Azerbaijan ranked 3rd in the overall medal table of the ...
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Foreign Ministers to attend 2nd Baku World Forum on Intercultural Dialogue
Saudi Arabian, Syrian, Mozambican and Tunisian ministers to attend 2nd Baku World Forum on Intercultural Dialogue. Ministers from Saudi Arabia, Syria, Mozambique and Tunisia have confirmed their participation at the 2nd World Forum on Intercultural Dialogue that will be held in Baku from May 29-June 1. Initiated by Azerbaijani President Ilham Aliyev, the forum will be held under the motto ...
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Tech job growth in St. Louis means local companies conduct talent searches
ST. LOUIS (KSDK) - World Wide Technology is the latest St. Louis company to announce it's adding information technology jobs. At its brand new, state of the art building, World Wide Technology says it's adding 100-plus jobs with an average salary of $100,000. St. Louis continues to get national attention as one of the hottest cities for tech jobs. The jobs pay well, but how do you get ...
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In a 3 a.m. vote Raytown gives green light to downtown Wal-Mart grocery store
After meeting for about seven and a half hours, the Raytown Board of Aldermen voted 6-4 early Wednesday to allow a change that paves the way for a Wal-Mart grocery store in its ...
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Finance head Carrion to run IOC president election
Finance Commission head Richard Carrion Wednesday joined the race to succeed International Olympic Committee president Jacques Rogge.Puerto Rican Carrion will run against Thomas Bach, Ng Ser Miang and Wu Ching-kuo, who has yet to officially declare his intention to run.Carrion, 60, has no sporting background. He is chairman of a financial holding company and since 2002 has chaired the IOC's ...
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Intel MediaTek and Elan taking up 60 of global touchscreen controller market
The global touchscreen controller chip market has been expanding at a CAGR of over 20% in recent years, attracting at least 50 chipset suppliers, including more than 20 in Taiwan, to step into the segment, the sources ...
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Windows 8 expected to take up 5-8 of global tablet shipments in 2013 say Taiwan makers
Possibly because Microsoft has lowered licensing rates for Windows 8 for use in tablets, many vendors are developing Windows 8 tablets for launch in the second half of 2013, and thus the operating system is expected to account for 5-8% of all tablets shipped globally in 2013, equivalent to a volume of 10-20 million units, according to Taiwan-based supply chain ...
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Singapore Economy Posts Surprising Expansion
Singapore on Thursday reported a surprise expansion in its economy in the first quarter, helped by a surge in financial services as trading in stocks and foreign exchange soared. The Southeast Asian city-state, whose economy is heavily dependent on trade, manufacturing and financial services, said gross domestic product expanded 1.8 percent in January-March on a quarter-on-quarter, seasonally ...
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Forum focuses on strategic emerging industries
On May 22, the 2013 China's Strategic Emerging Industries Development Forum took place in Beijing, themed "Strengthening independent innovation and rebuilding the industrial ...
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Futuris caught up in Ford manufacturing withdrawal
SA Elders says it is assessing how its operations will be affected in the longer term by Ford's decision to end manufacturing in Australia from late 2016.Elders owns parts maker Futuris Automotive and says it does not expect there to be any profit implications for the current financial year to September 30 or revenue implications before October 2016, when Ford plans to end production at ...
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Victorian Premier Denis Napthine confident state can recover from Ford job losses
Geelong 3220 Victorian Premier Denis Napthine is confident the state can deal with the loss of 1,200 jobs at Ford Australia, after the company announced plans to close its plants at Geelong and Broadmeadows in 2016.The Federal and Victorian Governments will set up a new $39 million fund to help the communities deal with the job losses.And Prime Minister Julia Gillard called on the company to ...
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Socceroos Lucas Neill Josh Kennedy and Sasa Ogenovski return for FIFA World Cup qualifiers
Australia Veteran Socceroos Lucas Neill, Josh Kennedy and Sasa Ognenovski have all returned to the national fold in Holger Osieck's 26-man squad for the upcoming World Cup Asian qualifiers.Australian skipper Neill was suspended for his side's famous 2-2 draw with Oman at Sydney's Olympic stadium in March, while Kennedy has been out with a back injury and Ognenovski has been on ...
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Worlds oldest university poised for revival in India after 800 years
Nalanda University, an ancient seat of learning destroyed in 1193, is poised for revival. According to The Independent, an ambitious plan to establish an international university with the same overarching vision as Nalanda - and located alongside its physical ruins - has been spearheaded by a team of international experts and leaders, among them the Nobel-winning economist Amartya Sen. This ...
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Closures to put Ford Falcon into retirement
Employees sacked over after sexist Ford ads One of Ford's most popular car models in New Zealand will stop being made once manufacturing ends in Australia. The US car giant confirmed today it will close its manufacturing operations across the Tasman, with the loss of 1200 jobs. The Falcon, which has been manufactured in Australia since 1960, will cease to be made when the ...
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Toronto Mayor Rob Ford sacked as football coach
Rob Ford coaches the Don Bosco football team. (CRAIG ROBERTSON/Toronto Sun files) Players on the Don Bosco Eagles football team are backing now ex-coach Mayor Rob Ford, who was dumped Wednesday by the Toronto Catholic District School Board. A statement from the TCDSB Wednesday says Ford was notified of the boardâs decision to âpursue a different directionâ with a ...
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World Briefing | The Americas Argentina Increases of Cash Handouts to Poor
Argentina 's president has announced increases of as much as 35 percent in cash handouts to the poor, students, pregnant women and retirees. ...
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Opinion Ford leaves families reeling
The company's reach is extensive. Generations of individual Geelong families have worked for it and the brand is everywhere, including on the shirts of the local AFL team.The disappearance of jobs and the Ford corporate presence is certain to influence results at the September federal election.Labor's Darren Cheeseman holds Corangamite on a margin of just 0.3 per cent and even his ALP ...
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Around the World in Hand Gestures A Video Guide
. "Yet when it comes to gesturing, certain outdated motions endure." Some hand gestures are ancient -- the thumbs up dates back to the Romancoliseum -- and pretty much universal. Others mean different things in different cultures, as we discover in this video ...
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Fitch Upgrades Indonesias BCA Finance to AAA Outlook Stable
Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ...
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Kenya Business Permits to Be Centralised - Kidero
Nairobi - Nairobi Governor Evans Kidero says he is finalising plans to have all business permits issued in a centralized location starting next year. Speaking to journalists on Tuesday night, Kidero announced that the move is part of his plan to end the anguish traders undergo in getting business permits and also curb corruption. "All business licenses will be issued at a single window ...
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Real World Economics Government responses to disasters raise economic questions
The tragic tornado in Oklahoma this week has economic considerations -- at least judging by questions from readers. The central issues seem to be whether some government policies, such as buildings codes, might reduce loss of life and property damages and or whether others, like disaster relief, might actually increase them. Let's start with the second point. Does government disaster ...
Latin America Focus
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Latin American unity plagued by tensions
Division and suspicion seem the order of the day in Latin America at present, negating any optimism that the countries of the region may one day move toward a regional integration model based on that of the EU.
Latin America has seen itself become heavily divided over the issue of whether to readmit Honduras to the Organization of American States (OAS) after the 2009 coup, with all the Central American states accepting the new government while big regional players like Brazil and Mexico insist that more must be done before they’ll recognize it. Meanwhile, President Alan Garcia of Peru has told Latin America news providers that there is a quiet arms race occurring in the region. In all, it seems that regional integration along the same lines as the EU remains a long way off at present. Read more
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